ARQ (NASDAQ:ARQ) Releases Earnings Results, Beats Expectations By $0.03 EPS

ARQ (NASDAQ:ARQ) announced its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03, FiscalAI reports. The company had revenue of $38.21 million during the quarter, compared to analysts’ expectations of $35.23 million. ARQ had a negative return on equity of 2.54% and a negative net margin of 42.33%.

ARQ Trading Up 0.5%

Shares of ARQ traded up $0.01 during trading hours on Wednesday, reaching $1.85. The stock had a trading volume of 530,605 shares, compared to its average volume of 242,500. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. ARQ has a 52 week low of $1.54 and a 52 week high of $6.49. The firm has a 50-day moving average of $1.99 and a 200 day moving average of $2.46. The company has a market cap of $80.79 million, a P/E ratio of -1.47 and a beta of 2.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.00.

ARQ Company Profile

Arq, Inc (NASDAQ: ARQ) is a technology and materials company focused on converting coal waste and other carbon-rich materials into higher-value carbon products. The company’s processing technology is designed to recover and refine carbon from previously discarded coal fines and similar feedstocks.

Arq’s product portfolio includes activated carbon and other specialty carbon materials used in applications such as water purification, air emissions control, industrial processes and energy-related markets.